Core Viewpoint - The stock price of Songlin Technology closed at 30.81 yuan on August 26, experiencing a decline of 2.19% from the previous trading day, with a trading volume of 53,500 lots and a transaction amount of 165 million yuan [1] Financial Performance - In the first half of the year, Songlin Technology achieved a net profit attributable to shareholders of 93.09 million yuan, representing a decrease of 57.92% compared to the same period last year [1] Market Activity - On August 26, the net inflow of main funds was 6.74 million yuan, with a cumulative net inflow of 30.28 million yuan over the past five trading days [1] - The current price-to-earnings ratio of the company is 71.64 times, and the price-to-book ratio is 4.14 times [1]

Core Viewpoint - Fast fashion giant SHEIN has raised prices across various product categories in the U.S. market to address the upcoming small parcel tariffs, with significant price increases noted in women's clothing and health and beauty products [1][2]. Price Increases - SHEIN's price hike occurred last Friday, affecting a wide range of products, with women's clothing prices increasing by 8% and health and beauty products' average prices rising by 51% for the top 100 best-selling items, with some items doubling in price [1] - Home goods, kitchen supplies, and toys saw an average price increase of over 30%, with a specific example being a 10-piece kitchen towel set that surged by 377% [1] Supply Chain Localization - SHEIN has been actively pursuing a localization strategy for its supply chain since 2022, aiming to establish local logistics and suppliers in core markets, including setting up a headquarters in Dublin and teams in Poland and Turkey to reduce delivery times and carbon emissions [2] - The company collaborates with over 5,000 suppliers in China to maintain low product prices, but acknowledges that risks are increasing due to tariff issues [2] Global Supply Chain Expansion - In February, SHEIN reportedly encouraged suppliers to establish factories in Vietnam, offering incentives such as a 30% increase in procurement prices, although this was denied by a company spokesperson [2] - India has emerged as a new base for SHEIN's supply chain, with ongoing collaboration with Reliance Retail to establish manufacturing capabilities and explore exporting products from India to meet global demand [3] Corporate Identity - SHEIN's Chief Strategy Officer, Peter Pernot-Day, emphasized that the company should not be viewed solely as a Chinese entity, but rather as an international company with teams worldwide, with its headquarters in Singapore [1][2]